W.W. Grainger, Inc. (NYSE:GWW) Position Held by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System maintained its stake in W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,300 shares of the industrial products company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in W.W. Grainger were worth $596,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Harfst & Associates Inc. acquired a new stake in W.W. Grainger during the first quarter valued at approximately $116,000. Salem Investment Counselors Inc. acquired a new stake in W.W. Grainger during the first quarter valued at approximately $138,000. NEXT Financial Group Inc increased its stake in W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock valued at $151,000 after buying an additional 203 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in W.W. Grainger by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 840 shares of the industrial products company’s stock valued at $195,000 after buying an additional 22 shares during the last quarter. Finally, Twin Tree Management LP acquired a new stake in W.W. Grainger during the first quarter valued at approximately $195,000. Institutional investors own 82.43% of the company’s stock.
W.W. Grainger, Inc. (NYSE:GWW) traded down 0.29% on Wednesday, hitting $164.11. The stock had a trading volume of 222,189 shares. The stock has a market cap of $9.47 billion, a P/E ratio of 18.92 and a beta of 0.74. W.W. Grainger, Inc. has a 12 month low of $160.29 and a 12 month high of $262.71. The company’s 50 day moving average is $173.22 and its 200-day moving average is $208.31.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the company earned $2.89 earnings per share. W.W. Grainger’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast that W.W. Grainger, Inc. will post $10.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, August 10th. W.W. Grainger’s payout ratio is currently 59.12%.
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A number of research firms have issued reports on GWW. BMO Capital Markets restated a “hold” rating and set a $198.00 price target on shares of W.W. Grainger in a research note on Thursday, May 25th. BidaskClub upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Morgan Stanley cut their price target on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a research note on Thursday, July 20th. Stephens set a $190.00 price target on W.W. Grainger and gave the company a “hold” rating in a research note on Wednesday, April 19th. Finally, Deutsche Bank AG downgraded W.W. Grainger from a “hold” rating to a “sell” rating and cut their price target for the company from $246.00 to $145.00 in a research note on Thursday, May 18th. Five equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $180.33.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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